Trump is threatening to jack up tariffs on China by an additional 50% unless Beijing abandons its retaliatory duties on U.S. imports.
Trump in a Truth Social post gave China until Tuesday to undo its 34% tariffs, imposed in response to the “reciprocal” duties unveiled at the White House last week.
Trump also wrote that he will cancel all planned talks with China if they do not comply with his demand.
lol this is gonna be hilarious to watch. He thinks he can play geopolitical economic chicken with the PRC…? Like… what…?
I’m dumping the majority of my domestic investments and reallocating to foreign stuff. I hope all the conservatives continue investing in Tesla as it crashes 🤗
This. The PRC will let millions of their own people die before losing this trade war. (they’ve literally done it before) Does America have the same resolve?
They let millions of their own people die because Mao decided he didn’t like sparrows for a while. They’ve tilted harder at far more pointless windmills.